Crypto market capitalization exceeds $200 billion

Posted 11 May, 2019

The stock value of digital assets has reached a total of $200 billion. The first time when capitalization hit this level was recorded in November 2018.

Currently, the total capitalization of all virtual currencies amounted to $201.51 billion, as the CoinMarketCap resource shows. Only the most sceptical experts can declare a possible continuation of the bearish trend because the market has almost doubled from the minimum capitalization in mid-December ($100.8 billion).

Trade volumes remain high and, according to CoinMarketCap, amount to $ 59 billion. At the same time, Bitcoin dominance is steadily growing by 9%.

On May 11, Bitcoin approached the long-awaited mark of $7,000, this breakthrough affected the overall capitalization of cryptocurrency, now it exceeded $200 billion. The situation observed early today almost fully offset the weakening of the coin recorded over the past half a year.

Bitcoin rate reached $6,964.

Bitcoin does not cease to dominate the cryptocurrency market. Specifically, its share accounts for 59.5% of the total market capitalization.

It should be mentioned that altcoins do not show such rapid growth with some coins even posting a decline in value. The best altcoins can be distinguished: ETH (increased by 2.22%), Litecoin (increased by 2.5%), and Stellar (increased by 3.77%).

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13 May, 2019 11:17

← announces mobile application for crypto traders

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11 May, 2019 14:52

Buterin and Lubin decide to back MolochDAO project →

On May 10, two big players in the crypto market, founders of Ethereum Joseph Lubin and Vitalik Buterin followed by the respective companies (ConsenSys and Ethereum Foundation) have expressed intentions to back decentralized autonomous organization Moloch. The announcement was made during the Ethereal Summit held in New York on Friday.

Buterin and Lubin decide to back MolochDAO project
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